Jabil Inc (NYSE:JBL) eked up on the release of second-quarter financial results.
Net revenue was $6.1 billion U.S. GAAP operating income: $90.6 million. U.S. GAAP diluted loss per share: $(0.02)
According to CEO Mark Mondello, "After a stronger than expected start to the fiscal quarter, our factories were adversely impacted by workforce and supply chain disruptions associated with COVID-19, First and foremost, the safety and well-being of our people is our number one priority.
"Despite the near-term financial setback, our long-term strategy remains unchanged."
The Florida-based JBL also said its FY20 full-year guidance, issued just before Christmas, did not anticipate the impact of a global pandemic. As a result, given the rapidly changing situation, it is withdrawing its FY20 full year guidance until we are able to update and quantify the underlying business assumptions.
Jabil is a manufacturing solutions provider that delivers comprehensive design, manufacturing, supply chain and product management services.
Leveraging the power of over 200,000 people across 100 sites strategically located around the world, Jabil simplifies complexity and delivers value in a broad range of industries, enabling innovation, growth and customer success.
Shares gained 16 cents to $23.63.
